{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-002061","form_type":"8-K","ticker":"VIRT","cik":"0001592386","company_name":"Virtu Financial, Inc.","filed_at":"2025-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.451439+00:00","generated_at":"2026-05-17T22:18:55.793012+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Virtu Financial CEO Doug Cifu retires, CTO Aaron Simons appointed CEO effective Aug 1, 2025","bullets":["Doug Cifu will retire as CEO and Board member on Aug 1, 2025, and serve as consultant through Dec 31, 2025.","Aaron Simons, CTO since 2019, appointed CEO and elected to the Board, effective Aug 1, 2025.","Simons joined Virtu in 2008, has 16+ years in technology and trading; PhD in Physics from Harvard.","Cifu receives severance including base salary through Feb 2028, 150,000 shares, and $5M consulting fee.","Simons' compensation: $600K base salary, target bonus $2M, annual equity grant of 75,000 RSUs with performance vesting."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-002061","json":"https://secwatch.observer/filing/0000950142-25-002061.json","markdown":"https://secwatch.observer/filing/0000950142-25-002061.md","text":"https://secwatch.observer/filing/0000950142-25-002061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1592386/000095014225002061/0000950142-25-002061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1592386/000095014225002061/eh250662475_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:18:55.793012+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}